Topic: Can Bitcoin make Banks disappear? - page 210. (Read 427614 times)
i think bitcoin is here to disappear banks, i think people may like to have double option as in present time the fiat money is too much convenient to use for buying selling therefore banks are important for them and those people who know the importance of bitcoin they also use it and never ignore.
Bitcoin have lots of potential however it don't gonna replace banks or paper moneys in near future for sure as lots of people are still there in the world who can't even use electronic payment systems and for them bitcoin will be really hard system to understand.
Yeah and especially older generation will never prefer to use bitcoins and will keep supporting and using banks for their financial transactions as they will find bitcoin very complicated method.
Banks and bitcoin wallet have simultaneous role in money industry, bitcoin wallet can't replace banks because there are some functions that it doesn't has as we know, there is no fiat money on bitcoin wallet or we can't instantly convert it just using bitcoin wallet, vice versa. As far as I know, still there's no a single Bank that accepted bitcoin.
bitcoin make Bank disappear? I think this is not going to happen. why? Bank is institutions economy official participating in the National economy, so i'm not sure bitcoin can make the Bank disappear
In future, when bitcoin will dominate in sending - receiving - depositing funds kind of bank works, I believe banks will start different type of banking like providing safe vault or mortgage kind of services alone. Banks will fall.
I don't think the banks will fall either just because of bitcoin. Remember who is with banks and that is the supreme government of a country. And I don't think that government is going to allow it for banks are really important in a cycle of an economy of a country but I think that bitcoin will be considered by government too.
Banks already are into the blockchain technology It won't take much time before they start with their own coin. I hope they do it alone and not with a partnership, because banks are very powerfull and if they launch it together, it will be hard for bitcoin.
Maybe but also maybe we can use that bank coin to profit in bitcoin, you can never know what'll happen.
In future, when bitcoin will dominate in sending - receiving - depositing funds kind of bank works, I believe banks will start different type of banking like providing safe vault or mortgage kind of services alone. Banks will fall.
I don't think the banks will fall either just because of bitcoin. Remember who is with banks and that is the supreme government of a country. And I don't think that government is going to allow it for banks are really important in a cycle of an economy of a country but I think that bitcoin will be considered by government too.
Banks already are into the blockchain technology It won't take much time before they start with their own coin. I hope they do it alone and not with a partnership, because banks are very powerfull and if they launch it together, it will be hard for bitcoin.
Maybe but also maybe we can use that bank coin to profit in bitcoin, you can never know what'll happen.
In future, when bitcoin will dominate in sending - receiving - depositing funds kind of bank works, I believe banks will start different type of banking like providing safe vault or mortgage kind of services alone. Banks will fall.
I don't think the banks will fall either just because of bitcoin. Remember who is with banks and that is the supreme government of a country. And I don't think that government is going to allow it for banks are really important in a cycle of an economy of a country but I think that bitcoin will be considered by government too.
Banks already are into the blockchain technology It won't take much time before they start with their own coin. I hope they do it alone and not with a partnership, because banks are very powerfull and if they launch it together, it will be hard for bitcoin.
In future, when bitcoin will dominate in sending - receiving - depositing funds kind of bank works, I believe banks will start different type of banking like providing safe vault or mortgage kind of services alone. Banks will fall.
I don't think the banks will fall either just because of bitcoin. Remember who is with banks and that is the supreme government of a country. And I don't think that government is going to allow it for banks are really important in a cycle of an economy of a country but I think that bitcoin will be considered by government too.
Although, it would be a great and major breakthrough for everyone in the cryptoworld, but I don't see it happening at all and if it will then not anytime soon because the population to effect that is the first considering the number of people involved in the banking system, the regulation compliance there too, couple with the infrastructures in place in that sector, I dont see Bitcoin just bypassing all that and make banks disappear without a fight at least in the longterm.
In future, when bitcoin will dominate in sending - receiving - depositing funds kind of bank works, I believe banks will start different type of banking like providing safe vault or mortgage kind of services alone. Banks will fall.
I don't think the banks will fall either just because of bitcoin. Remember who is with banks and that is the supreme government of a country. And I don't think that government is going to allow it for banks are really important in a cycle of an economy of a country but I think that bitcoin will be considered by government too.
to me bitcoin cannot make banks disappear, as bitcoin is not yet so much popular in the world and still a very little number of people are using bitcoin so it is not so easy for bitcoin to disappear banks.
Bitcoin have lots of potential however it don't gonna replace banks or paper moneys in near future for sure as lots of people are still there in the world who can't even use electronic payment systems and for them bitcoin will be really hard system to understand.
that's right theres still people who won't able to understand the system so for them adopting bitcoin system wouldbe a hard to be useso even bitcoin will be more popular still bank will exist unless banking system collapsed.
No, I do not see this happen at all, maybe that banks can accept it or something but the bitcoin will never achieve it to disappear banks, I think its simply not possible if I have to be honest.
no bitcoin can't make bank disappear because even though banks might adopt bitcoin system of transaction and management of money but they can't make bank disappear because various offline works like loan and other other work have to be done in banks and just in one's pc or laptop is not possible to control all the stuffs.
of course there are differences from the bank system and also bitcoin. but basically banks and bitcoin is a financial media are used as payment of goods / items or services.This is a major selling point for Bitcoin as it will gain more appreciation and popularity in the coming years. Just wait for it.
People are tired from banks playing boss over their hard earned money. Bitcoin is already, and will continue to be a great alternative.
no bitcoin can't make bank disappear because even though banks might adopt bitcoin system of transaction and management of money but they can't make bank disappear because various offline works like loan and other other work have to be done in banks and just in one's pc or laptop is not possible to control all the stuffs.
of course there are differences from the bank system and also bitcoin. but basically banks and bitcoin is a financial media are used as payment of goods / items or services. Thinking bitcoin can make banks dissappear is maybe a little bit too ambitious but it can make banks lose money ofcourse I think it's already doing that.
Ofcourse banks don't feel the pain yet but when it gets more globally adopted then they will feel the pain for sure.
Ofcourse banks don't care about bitcoin and bitcoin needs bank if you are going to choose between that two you choosen the right one the banks Ofcourse banks don't feel the pain yet but when it gets more globally adopted then they will feel the pain for sure.
and it is more okay if you people are going to choose bank than bitcoins thenBitcoin cannot be used anywhere at a moment physically and to spend them we need to sell them and convert it to fiat currency and for that we need banks for transaction.
no bitcoin can't make bank disappear because even though banks might adopt bitcoin system of transaction and management of money but they can't make bank disappear because various offline works like loan and other other work have to be done in banks and just in one's pc or laptop is not possible to control all the stuffs.
Yeah I couldn't agree more with you, bank has a big power , i think bitcoin is impossible to make bank disappear.
Because the most of people more believe with bank rather than bitcoin.
But when bitcoin can develops in features and more user, bitcoin wil compete the bank.
Bitcoin have lots of potential however it don't gonna replace banks or paper moneys in near future for sure as lots of people are still there in the world who can't even use electronic payment systems and for them bitcoin will be really hard system to understand.
A man can adopt on a certain situation if it is what was needed, so even if they don't know how to use bitcoin, for sure if it is the thing that is used by everyone, they will eventually learn about it. Just like cellphones, before this touch screens arrive, there are those old models and the telephone, but since everyone's into new cellphones, so the old people learn about it too. But anyway, even if everything go digital, there is no way that banks would fold, they have been there and tested by time.
Bitcoin have lots of potential however it don't gonna replace banks or paper moneys in near future for sure as lots of people are still there in the world who can't even use electronic payment systems and for them bitcoin will be really hard system to understand.
A man can adopt on a certain situation if it is what was needed, so even if they don't know how to use bitcoin, for sure if it is the thing that is used by everyone, they will eventually learn about it. Just like cellphones, before this touch screens arrive, there are those old models and the telephone, but since everyone's into new cellphones, so the old people learn about it too. But anyway, even if everything go digital, there is no way that banks would fold, they have been there and tested by time.
no bitcoin can't make bank disappear because even though banks might adopt bitcoin system of transaction and management of money but they can't make bank disappear because various offline works like loan and other other work have to be done in banks and just in one's pc or laptop is not possible to control all the stuffs.
Bitcoin have lots of potential however it don't gonna replace banks or paper moneys in near future for sure as lots of people are still there in the world who can't even use electronic payment systems and for them bitcoin will be really hard system to understand.
Yeah and especially older generation will never prefer to use bitcoins and will keep supporting and using banks for their financial transactions as they will find bitcoin very complicated method.
Another important note to add is that older people are losing trust in banks more and more, with as result that they save up everything cash in their homes. It's a dangerous development, but they trust Bitcoin even less due to the media.
it's almost funny to see that the older generation try to avoid banks because they are operated by people gambling with their money on the financial markets, and that they avoid bitcoin due to the fact that it doesn't have a central authority. so yes, they end up holding large amounts of cash money, or they are hoarding gold as that is the only thing left for them to "trust".
Bitcoin have lots of potential however it don't gonna replace banks or paper moneys in near future for sure as lots of people are still there in the world who can't even use electronic payment systems and for them bitcoin will be really hard system to understand.
Yeah and especially older generation will never prefer to use bitcoins and will keep supporting and using banks for their financial transactions as they will find bitcoin very complicated method.
Another important note to add is that older people are losing trust in banks more and more, with as result that they save up everything cash in their homes. It's a dangerous development, but they trust Bitcoin even less due to the media.
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